India's FY12 GDP growth revised to 7.1%

India's FY12 GDP growth revised to 7.1%

The Prime Minister's economic advisory panel on Wednesday projected 7.5 to 8 per cent growth rate for the next fiscal and said the country can achieve a higher economic expansion if the global environment turns favourable.

India's FY12 GDP growth revised to 7.1%

"We might be able to achieve 8 per cent growth on our esteem ... if the world environment is favourable, we will be able to achieve high growth rate," the Chairman of the Prime Minister's Economic Advisory Council (PMEAC), C Rangarajan, said.

India's FY12 GDP growth revised to 7.1%

While releasing the Review of Economy (2011-12), he said that the growth rate in 2011-12 is likely to be 7.1 per cent, marginally higher than 6.9 per cent projected by the Central Statistical Organisaton (CSO).